Select Media Mentions
Bloomberg: Millions of Americans Miss Out on Stimulus ‘Survival’ Checks
March 11, 2021
The think tank Institute on Taxation and Economic Policy estimates that 280 million people would receive a full or partial payment under the new criteria, compared with 288 million who received all or some of the second $600 direct payment approved in December. Steve Wamhoff, the institute’s director of federal tax policy, said that the […]
Reuters: Analysis: Despite Republican Opposition, Red States Fare Well in Biden’s COVID-19 Bill
March 10, 2021
The Biden bill also expands tax breaks for children and low-income workers to encompass poor households that did not qualify before. Experts say the expanded child tax credit alone could cut child poverty nearly in half. “That’s a big deal,” said Steve Wamhoff of the left-leaning Institute on Taxation and Economic Policy, which analyzed the […]
Washington Post: Yes, the Covid Rescue Bill Is a ‘Liberal Wish List.’ What’s Wrong With That? (Opinion)
March 10, 2021
Indeed, the design of the bill is such that the benefits are spread among poor and middle-class people, while giving little or nothing directly to the wealthy (though the rich will certainly benefit from a quicker recovery). As an analysis from the Institute on Taxation and Economic Policy demonstrates, the direct benefits “are spread evenly […]
Kiplinger: Congress Passes Bill with More “Targeted” Stimulus Payments
March 10, 2021
However, the stimulus check plan in the original version of the bill is different than what’s found in the final bill. While in the Senate, a more aggressive stimulus check “phase-out” (i.e., reduction) rate was added. The new rate made the stimulus check provisions more “targeted” to people who need assistance the most. As a […]
Los Angeles Times: House Sends $1.9-trillion COVID-19 Economic Relief Bill to Biden’s Desk
March 10, 2021
The checks are phased out quickly compared to the previous checks Congress approved last year. Individuals with annual incomes of $80,000 or more, joint filers with annual incomes of $160,000 or more and heads of households earning $120,000 or more would not receive anything. The Institute on Taxation and Economic Policy, a progressive research group, estimates […]
BuzzFeed: Congress Just Passed Another Round Of COVID Checks And Unemployment Aid
March 10, 2021
The Institute on Taxation and Economic Policy found that 83 million children live in households that will benefit [from the Child Tax Credit expansion]. Currently, the families with the lowest incomes are excluded from receiving this support due to a lack of taxable income. The COVID bill rewrites that language so that families with the […]
Philadelphia Inquirer: The New Coronavirus Relief Bill Promises Big Financial Help for Parents in the Philly Region
March 10, 2021
Combining the relief checks and tax credits, people in the bottom 60% of earners, those making less than $65,000, would see an 11% jump in income, according to the liberal Institute on Taxation and Economic Policy. Those with families would see the largest benefits. Read more
Forbes: Here’s Everything You Need To Know About The New Expanded Child Tax Credit
March 10, 2021
83 million. That’s how many children live in households that will benefit from the expanded credit, according to the Institute on Taxation and Economic Policy. The expansion would send about $116 billion to families with children in 2021, the ITEP estimates. Read more
CNBC: Stimulus Checks and Expanded Tax Credits
March 10, 2021
Between stimulus checks and expanded tax credits in the latest Covid-relief package, most U.S. households are poised to get some extra cash. The amount? An average of $3,450 for the bottom 60% of earners ($65,000 or less), according to research from the Institute on Taxation and Economic Policy. The number reflects direct stimulus payments and […]
Vox: Third stimulus bill: The American Rescue Plan moves through Congress
March 9, 2021
Some 280 million people will be eligible for the third round of stimulus checks, according to the Institute on Taxation and Economic Policy, and unlike previous direct payments, all dependents — including college students and some people with disabilities, not just children under 17 — will be eligible. Read more
NPR: Tax Credit Could Lower Child Poverty More in 2021 Than Any Year in History
March 9, 2021
The Institute on Taxation and Economic Policy has just estimated that the bottom 60% of Americans by income would receive an increase in their incomes of 11% on average, and then the bottom 20% would receive an increase of 33% on average. So we are living through one of the largest boosts to family incomes, […]
San Francisco Chronicle: California Schools, Governments and Residents to Get Billions in COVID Stimulus
March 9, 2021
The bill includes another round of direct stimulus payments to Americans. The nonpartisan Institute on Taxation and Economic Policy estimates that 22 million adults and 9 million children in California will benefit from the $1,400 checks. The bill also expands the child tax credit from $2,000 per year to $3,000 for children over the age […]
Mississippi Today: Study: House Tax Proposal Increases Burden on Poor Mississippians
March 9, 2021
The bottom 60% of Mississippi’s income earners would be paying more taxes under legislation that has passed the House while the top 40% would be paying less, according to an analysis conducted by a Washington, D.C.-based policy think tank. A person in the top 1% with average income of $924,000 would pay $28,610 less in […]
CNET: Child Tax Credit 2021 Approval Could Bring More Money Than Stimulus Checks. What to Know
March 9, 2021
For the bottom 20% of families in terms of income, the proposed expansion of the CTC would increase income by an average of 9.7% — even higher if you consider only tax filers with children, according to the Institute on Taxation and Economic Policy. The proposal would also lift 4.1 million children above the poverty line, […]
Washington Post: Biden stimulus showers money on Americans, sharply cutting poverty and favoring individuals over businesses
March 8, 2021
These tax changes, along with another round of cash payments, will boost incomes of the bottom 20 percent of Americans by 33 percent, according to Steve Wamhoff, a tax expert at the liberal Institute on Taxation and Economic Policy. That’s more than double what the March 2020 Cares Act did for the poorest Americans. Read […]
Newsweek: How Your Stimulus Check, Income Might Be Affected by the Latest Bill Changes
March 8, 2021
According to Institute on Taxation and Economic Policy, the changes would benefit around 83 million children and significantly reduce child poverty in the U.S. Read more
Yahoo! Finance: The new stimulus checks: What’s still ahead, before you can get your money?
March 8, 2021
Some 17 million fewer Americans will get stimulus checks this time because of the new income thresholds, according to an estimate from the Institute on Taxation and Economic Policy. Read more
Fox Business: Third stimulus check calculator: See how much money you could receive from Biden’s relief bill
March 8, 2021
As with previous rounds, Americans who earn more than the threshold line will still receive a partial check. But the money will phase out faster than previous rounds, cutting off payments for roughly 16 million Americans who qualified for previous relief payments, according to a preliminary analysis published by the left-leaning Institute on Taxation and Economic […]
Forbes: Americans Should Receive $1,400 Stimulus Checks Starting End Of March, Says Biden
March 8, 2021
Over 85 percent of American households would get stimulus payments of $1,400 per person, according to the White House. Preliminary estimates from the Institute on Taxation and Economic Policy (ITEP), a left-leaning think tank show that 200 million adults and 80 million children would receive payments under the new stimulus provision passed by the Senate. Read […]
Observer: $1,400 Stimulus Checks: When to Expect Payment & Calculate How Much You’ll Get
March 8, 2021
About 17 million fewer people will receive direct payments as a result of the rule change, according to the Institute on Taxation and Economic Policy. Read more
CNET: Child tax credit 2021: When will families get more money? Here’s what you should know
March 8, 2021
The bill also would expand other child-related credits so families could claim up to half their child-care expenses on their taxes. For the bottom 20% of families in terms of income, the proposed expansion of the CTC would increase income by an average of 9.7% — even higher if you consider only tax filers with children, according […]
Fiscal Times: Biden’s Stimulus: What You Need to Know Now
March 8, 2021
What you need to know about the $1,400 “stimulus checks”: Individuals earning less than $75,000 and couple making less than $150,000 are eligible for the full $1,400 relief payments, plus an additional $1,400 per dependent. The payments phase out completely for individuals who earn more than $80,000 a year and married couples earning more than […]
Time: The Senate Passed a $1.9 Trillion COVID-19 Relief Bill. Here’s What’s In It
March 7, 2021
The decision means that an estimated 17 million Americans who received a check under former President Donald Trump won’t get one under Biden, according to a study from the nonpartisan Institute on Taxation and Economic Policy. Biden said on Saturday that the government will begin sending the checks to eligible Americans this month. Read more
Huffington Post: Senate Passes $1.9 Trillion COVID-19 Relief Bill
March 6, 2021
The full $1,400 checks will only go to those making $75,000 or less (or $150,000 for joint filers) and be cut off for individuals who make more than $80,000 (or $160,000 for joint filers), cutting out 12 million adults and 5 million children, according to early estimates from the liberal-leaning think tank Institute on Taxation […]
CBS News.com: Democrats limit eligibility for stimulus checks in Senate COVID bill
March 5, 2021
The proposal to lower caps on the stimulus checks would cut an estimated 17 million people from eligibility, according to the Institute on Taxation and Economic Policy. Their analysis found 297 million adults and children would benefit under the bill passed in the House, but only 280 million people would in the Senate version of the […]
Members of the media rely on ITEP for analysis and insight about how tax policies affect people. If you’re a reporter looking to talk to one of our experts, contact Jon Whiten at [email protected].
Institute on Taxation
and Economic Policy
ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems.
Subscribe to ITEP Emails
Tax research and policy news in your inbox.
Promote Fair Tax Policy
Your gift to ITEP promotes tax justice. With your help, we do research that supports taxing millionaires and billionaires, taxing big corporations and raising revenue for the things our people, our communities and our planet need.
Together, we can create a country with more economic justice, more racial justice, more climate justice… and more tax justice.